US puts pressure on Grindr’s Chinese owner to swipe left
The US is increasingly scrutinising app developers over the safety of personal data they handle, especially if some of it involves US military or intelligence personnel
New York — Chinese gaming company Beijing Kunlun Tech is seeking to sell Grindr, the popular gay dating app it has owned since 2016, after a US government national security panel raised concerns about its ownership, according to people familiar with the matter. The Committee on Foreign Investment in the US (CFIUS) has informed Kunlun that its ownership of, California-based Grindr constitutes a national security risk, the two sources said. CFIUS's specific concerns and whether any attempt was made to mitigate them could not be learnt. The US has been increasingly scrutinising app developers over the safety of personal data they handle, especially if some of it involves US military or intelligence personnel. Kunlun had said last August it was preparing for an IPO of Grindr. As a result of CFIUS's intervention, Kunlun has now shifted its focus to an auction process to sell Grindr outright, given that the IPO would have kept Grindr under Kunlun's control for a longer period of time, the...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.